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Blockchain

[ blok-cheyn ]

Blockchain is a growing technology name creating a buzz in the digital market. It is a distributed ledger and database that facilitates the process of recording transactions and tracking assets in a business network. Now the asset could be any (car, house, land, cash, property, copyrights, branding, etc.).

The data in the blockchain is stored in pieces called blocks, and it stores the information that prevents anyone from changing or hacking it. Today, IBM is the biggest cloud platform and cognitive solutions company embracing blockchain. It helped more than 220 businesses develop blockchain-based applications.

Example

Bitcoin and Ethereum are popular examples of blockchains. Everyone is allowed to connect to the blockchain and make a transaction via them.

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